Cybersecurity

In a week packed with global breaking events, both the S&P 500 and the Nasdaq 100 indices marked their worst weekly performance in three months, predominantly driven by a broad-based selloff in chipmakers. A a drop in major equity averages at the end of the week might have escalated...

The drive for consolidation is evident: with cybersecurity threats becoming more frequent and severe, companies and governments are compelled to bolster their defenses. As large IT firms and private equity investors snap up cybersecurity specialists, the industry is poised for significant growth...

Wall Street is poised to close the week in the red, with all major indices trading in negative territory at midday in New York, as broader sentiment remains weak following a temporary tech outage caused by a cloud software update from CrowdStrike Holdings Inc. (NASDAQ:CRWD) that led to widespread...

The top story on Wall Street Friday involves CrowdStrike Holdings, Inc. (NASDAQ:CRWD). Worldwide IT outages have affected banks, airlines, and even the London Stock Exchange. The problems were caused by a CrowdStrike cybersecurity platform issue and its stock is plummeting. But despite this, the...

U.S. cybersecurity firm Crowdstrike Holdings Inc. (NASDAQ:CRWD) is attempting to recover sharp premarket losses felt overnight and in the early hours on Friday as an update on its cloud software triggered a global tech outage. What Happened: A failed update of CrowdStrike's Falcon platform on...

As Google parent Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is reportedly near a historic $23-billion acquisition of cloud security startup Wiz Inc, the move is being touted as a strategic “poker move” that could set the stage for a seismic shift in the Big Tech M&A landscape....

Telecom giant AT&T Inc. (NYSE:T) allegedly paid a hacker around $400,000 to delete sensitive data they are said to have stolen. What Happened: A hacker who allegedly accessed sensitive call and text logs from AT&T said they received about $400,000 to delete the data cache, reported...

Vietnam has opened up its data center market to foreign investors, allowing 100% ownership, following the implementation of controversial data storage regulations. This development is expected to attract major industry players like Amazon.com Inc.’s (NASDAQ:AMZN) Amazon Web Services and...

Abnormal Security, an AI-powered cybersecurity startup, is reportedly set to be valued at $5 billion in a new funding round, marking a significant increase from its previous valuation. What Happened: The startup, which uses AI to protect users from cyber threats across email and apps, is on the...

At the ECB Forum on Central Banking, Federal Reserve Chair Jerome Powell emphasized a careful approach Tuesday to potential interest rate cuts and stressed the critical issue of the United States’ unsustainable debt path. Speaking on a panel with ECB President Christine Lagarde and Central...

The United States is facing a significant threat to its water systems, with China, Russia, and Iran identified as the primary culprits. What Happened: The U.S. water supply is under attack from foreign adversaries. The recent cyberattack on Wichita, Kansas’ water system is just one of many...

Billionaire investor Mark Cuban, one of the most famous investors on the TV show “Shark Tank,” said that he fell victim to a common account takeover tactic by hackers, resulting in the loss of access to his Gmail account. What Happened: In a now-deleted post on X, formerly Twitter,...

Cyberattacks have targeted car dealerships, causing widespread outages in the latest test of cybersecurity’s might. What Happened: Approximately 15,000 car dealerships throughout the U.S. that use CDK Global, a private software company, had their services disrupted following cyberattacks on...

The Biden administration is reportedly set to ban the sale of Russian cybersecurity firm Kaspersky Lab’s software in the United States, citing potential national security risks. What Happened: The ban, set to be announced on Thursday, is a result of Kaspersky Lab’s close ties to the...

Shares of Actelis Networks Inc. (NASDAQ:ASNS) experienced a 110% surge in Tuesday’s pre-market trading after the IoT solutions provider disclosed its partnership with Carahsoft, a leading U.S. IT Software and Services Company. What Happened: Actelis Networks was trading at $2.40 at the time...